“It Smells Like Panic”: This Is Not What Powell Had In Mind…

Via Zerohedge Commenting on the Fed’s emergency rate cut, which while expected was extremely unusual and only the first one since the financial crisis, Obama’s chief economic advisor Larry Summers laid out the problem Powell is facing, especially now that the Fed appears to have lost much of its remaining credibility: Fed Risks ‘Scaring People’ With Rate Cut. My interview...

Amazon struggles to halt tide of coronavirus profiteers

Amazon struggles to halt tide of coronavirus profiteers

Via Yahoo Finance Amazon is struggling to prevent profiteering as “bad actors” attempt to cash in on coronavirus fears by raising prices of masks and sanitisers by as much as 2,000%. The US company said it had removed “tens of thousands” of listings but analysts have likened the situation to a game of whack-a-mole with products reappearing soon after deletion....

Powell: cut no panacea, but will boost confidence

Powell: cut no panacea, but will boost confidence

Via Financial Times © Getty Images Our gut feeling when we heard today’s big news from the Fed was that it looked a bit panicky. Grandmaster Jay’s post-cut presser did little to persuade us otherwise.  To give him credit, the Fed chair was pretty clear that the cut was no panacea. First and foremost, the scale of the shock from...

Fed saw ‘risk to the outlook for the economy and chose to act’

Via CNBC The Federal Reserve made an emergency cut in interest rates after officials saw the coronavirus was having a material impact on the economic outlook, Chairman Jerome Powell said Tuesday. Powell held a news conference following the central bank’s decision to cut overnight interest rates by half a percentage point. He said the Fed “saw a risk to the...

U.S. Supreme Court leans toward SEC’s power to recover ill-gotten gains

U.S. Supreme Court leans toward SEC’s power to recover ill-gotten gains

Via Reuters Finance WASHINGTON (Reuters) – U.S. Supreme Court justices on Tuesday appeared inclined to back the Securities and Exchange Commission’s power to use federal courts to force defendants to surrender profits obtained through fraud as part of enforcement of investor-protection laws. FILE PHOTO: The Supreme Court building exterior seen in Washington, U.S., January 21, 2020. REUTERS/Sarah Silbiger./File Photo The...

IMF Staff Completes Visit to Kenya

IMF Staff Completes Visit to Kenya

Via IMF (Den Internationale Valutafond) IMF Staff Completes Visit to Kenya March 3, 2020 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and...

Super Tuesday? One Brit’s View Of American Politics: “It’s Still About The Economy, Stupid!”

Super Tuesday? One Brit’s View Of American Politics: “It’s Still About The Economy, Stupid!”

Via Zerohedge Authored by Bill Blain via MorningPorridge.com, Back in the real world, we have an answer:  “Dead cats infected with Coronavirus do Bounce..” Its amazing what the expectations of concerted Central Bank and G7 action to juice markets can achieve. Corporate Profits may be crashing, the corporate debt markets are locked tight in illiquid amber, credit ratings are tumbling, the...

Who Is Preventing Palestinians From Voting?

Who Is Preventing Palestinians From Voting?

Via Gatestone Institute The Palestinians are the only people in the Middle East who do not have a functioning parliament. The last Palestinian election took place in 2006, when Palestinians voted for the Palestinian Legislative Council. In 2018, Palestinian Authority (PA) President Mahmoud Abbas decided to dissolve the PLC and said he would hold elections within six months, which he...

Super Tuesday live: Sanders looks to block Biden revival

Super Tuesday live: Sanders looks to block Biden revival

Via Financial Times Path to victory: Biden must prove South Carolina was no fluke Demetri Sevastopulo, the FT’s Washington bureau chief, and our political reporting team have short analyses of what each of the main candidates needs to achieve on Super Tuesday. Here’s Demetri’s take on former vice-president Joe Biden. The former Delaware senator who spent eight years in the...

Webinar: Ekstremt signal har vist sig i aktiekurserne

Webinar: Ekstremt signal har vist sig i aktiekurserne

Via Daytrader.dk Aktiekurserne er i stor bevægelse i disse dage. Det skyldes frygten for corona-virus, den politiske situation og centralbankernes indgriben. I dette webinar vil professionel trader Peter Arendt fra MinAgro gennemgå aktiekurserne ud fra teknisk analyse. Han vil blandt andet vise fremkomsten af et ekstremt teknisk signal, der aldrig er set før i det store tyske DAX-indeks. Dette signal...

Regeringen opfordrer erhvervslivet til at holde medarbejdere hjemme

Regeringen opfordrer erhvervslivet til at holde medarbejdere hjemme

Via Erhvervsministeriet Regeringen opfordrer erhvervslivet til at holde medarbejdere hjemme 03-03-2020 Nyhed Regeringen følger udviklingen af COVID-19 tæt, og Sundhedsstyrelsen opfordrer nu alle danskere, der har været i særlige risikoområder til at blive hjemme i 14 dage, efter de er kommet retur til Danmark. Nu lyder samme opfordring til erhvervslivet. Tidligere i dag har erhvervsminister Simon Kollerup derfor været i...

“Pandemic Proportions”: COVID-19 Is Starting To Spiral Out Of Control All Over The Globe

“Pandemic Proportions”: COVID-19 Is Starting To Spiral Out Of Control All Over The Globe

Via Zerohedge Authored by Michael Snyder via TheMostImportantNews.com, This is already the most frightening virus outbreak that we have seen in the past several decades, and it appears that it is just getting started.  A week ago, there were about 3,000 confirmed cases outside of China and now there are more than 10,000.  4,812 cases have been confirmed in South...

Stocks Sag as Fed Cures Coronavirus by Cutting Rates ½ Percentage Point

Stocks Sag as Fed Cures Coronavirus by Cutting Rates ½ Percentage Point

Via Wolf Street Disappointed the Fed didn’t print antibodies? By Wolf Richter for WOLF STREET. Because “the coronavirus poses evolving risks to economic activity,” despite the “strong” fundamentals of the US economy, and despite stocks being off just 7.8% from all-time highs, the Fed’s FOMC announced during trading hours this morning, following the G-7 conference call, that it had voted unanimously to cut...

The Fed’s strong signal on economic remedies for coronavirus

The Fed’s strong signal on economic remedies for coronavirus

Via Financial Times The US Federal Reserve’s 50-basis point rate cut on Tuesday had a whiff of the “shock and awe” not felt since the dark days of the financial crisis. Bigger and swifter than most expected, and made between regular meetings, the move sends a strong signal — underlined by the unanimous vote of the rate-setting committee — that...

Germany assumes chair of International Holocaust Remembrance Alliance

Germany assumes chair of International Holocaust Remembrance Alliance

Via Deutsche Welle The chair of the International Holocaust Remembrance Alliance (IHRA) is set to pass Tuesday to Germany for one year, with the aim of countering acts and perpetrators of Holocaust denial and falsification. Germany’s assumption of the IHRA chair from Luxembourg — at an evening ceremony in Berlin — will overlap in July with Germany assuming the six-month...

State firms play crucial role in ensuring medical supplies

State firms play crucial role in ensuring medical supplies

Via China Daily A textile company resumes work in Zaozhuang, East China’s Shandong province, on Feb 20, 2020. [Photo/sipaphoto.com] It has been a race against time. Days after the COVID-19 outbreak, companies under the State Development and Investment Corp decided to resume operations to produce badly-needed medical materials to supply workers in the front line of the epidemic. With the...